Download Question Paper of "Finaicial Accounting", Question Paper of BBA 2nd Semester, Subject Code : BB - 201, Paper ID C02071 Paper 3

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Total No. of Questions : 071

BBA (Sem. - 2"0)

FINANCIAL ACCOUNTING

SUBJECT CODE : BB - 201

Paper ID: [C02071]

Time : 03 Hours

Instruction to Candidates:

l) Section - A is Compulsory.

2) Attempt any Four questions from Section - B.

Section - A

QI)

a) Explain briefly entity concept of accounting.

b) What are current asset and liquid asset? Give suitable examples.

c) Define the term capital.

d) Explain the types of personal accounts in short.

e) Define overdraft and minus balance.

f)  Distinguish between trial balance and balance sheet.

g) Does trial balance disclose all errors?

h) Why do we need suspense account?

i)  Mention important features of depreciation.

j)  Explain briefly the concept of adjustments.

Section - B

Q2) What is accounting? Explain its objectives and needs?

Q3) Explain undercasting and overcasting. How will you rectify, their errorss?

Q4) Explain reducing value method of depreciation in detail.

QS) Explain the rules of debit and credit in detail.

Q6) What is bank reconciliation statement? Give reasons for its preparation.

Q7) Explain the concept of balance sheet? Differentiate between profit and loss

account and balance sheet.